McKillen sues Anglo liquidators in US over ‘illegal’ €45 million loan

Property developer Paddy McKillen has launched a massive legal action in the United States against the liquidators of the former Anglo Irish Bank.

McKillen is seeking to have the former bank’s bankruptcy protection in the United States lifted as he believes it is pursuing him for a €45 million debt that was given to him illegally by the bank which its special liquidators were seekng to enforce while under court protection.

In a 33-page submission,McKillen gives new insights into the low-profile developer and his partners’ business empire which at one stage owed the bank €2 billion.